The Globe and Mail reports in its Wednesday edition that National Bank analyst Don DeMarco has an unchanged "outperform" recommendation for Alamos Gold. The Globe's David Leeder writes in the Eye On Equities column that Mr. DeMarco gave his share target a $4 boost to $68. Analysts on average target the shares at $62.61. Mr. DeMarco says in a note: "Positioned to regain favourable sentiment and premium valuation after consolidated production tracking at the lower end of the revised FY25G range of 560-580k oz after transition quarters. Expect operating traction to continue improving in Q4/25 with AISC expected to rebound 4 per cent lower quarter-over-quarter; and continued derisking at the Magino mill ramp-up. Moreover, the Island Gold ramp-up over the N3Y shows increasing production paired with an accentuated increase in FCF. N3Y production CAGR at 13 per cent, increasing from 264k oz in 2025 to 807k oz in 2028; and N3Y FCF CAGR at 88 per cent, increasing from $247-million (U.S.) in 2025 to $1,590-million in 2028 (at $4,000/oz). Additional catalyst with Magino 20k tpd expansion study catalyst at Q1/26 to further accentuate multiyear FCF growth on growing production and wider margins from a decreasing cost profile."